Printed from http://www.electronista.com

Sony Ericsson expects $461m loss on weak sales

updated 02:50 pm EDT, Fri March 20, 2009

Sony Ericsson Warns Q1 09

Sony Ericsson concluded its week with a warning on Friday that it will likely record a loss of between $461 million and $529 million for its current financial quarter, which ends at the conclusion of the month. The cellphone designer directly blames the shortfall on "weak consumer demand" and in clearing stock for its existing supply and sales chain. It also expects to ship just 14 million phones with a typical asking price of about $163.

The estimates confirm even greater difficulty at Sony Ericsson than in past quarters. It had already posted a $248 million loss in the last quarter of 2008 and had shipped about 24.2 million phones, or about 73 percent more. Although the end of the holidays accounts for a large portion of the drop, the predicted decline hints at greater problems still for the company.

Sony Ericsson's mounting problems have been unofficially but largely attributed to its lack of modern smartphones outside of the XPERIA X1, which in the US isn't available discounted by a carrier. The problem isn't likely to be addressed until the second half of 2009 when the company releases at least one Android phone as well as Symbian Foundation devices like the Idou.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Logitech Hyperion Fury mouse

Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

Life n Soul BM211 Bluetooth speaker

Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Sponsor

toggle

Most Commented

 
toggle

Popular News